Phase Forward (NASDAQ: PFWD), a leading provider of data management
solutions for clinical trials and drug safety, today announced that a
joint project with customer Merck & Co. has won the 2009 Society for
Clinical Data Management (SCDM) Data Driven Innovation Award
competition. This annual honor recognizes the year’s best advancement in
clinical data management technology or service.
The award was announced last week at the 2009 SCDM Annual Conference,
the industry’s largest education event for clinical data management
professionals. The Phase Forward/Merck project was selected from among
five industry finalists.
The winning project and new solution, Direct Data Loader, more
efficiently loads external data, such as lab safety and biomarker data.
As a result, external data can be integrated more rapidly and accurately
into Merck’s electronic data capture (EDC) system – Phase Forward’s
InForm™ solution.
With Direct Data Loader, the load rate into the InForm system was
increased from a maximum 1,000 records per hour with the previous
solution, to an estimated 100,000 records per hour. The new solution
also improved the "data currency” within InForm trials, especially as
related to activities that depend on data reporting, including
time-sensitive Serious Adverse Event reporting efforts. Direct Data
Loader has proven to be instrumental in eliminating the backlog of
unloaded data, preventing future backlog and saving staff time.
"We’re honored to share this award recognizing the creative and
collaborative efforts of the Merck/Phase Forward team,” said Bob Weiler,
chairman and CEO, Phase Forward. "From its inception, when the team
solicited feedback from stakeholders in the process to define the
project, through its development and implementation, the team focused on
its objectives of delivering a high performance solution while achieving
the greatest business benefit possible.”
"SCDM was thrilled with the quantity and quality of entries in the third
annual Data Driven Innovation Award,” said Brenda Hoeper, conference
co-chair. "We feel privileged to recognize innovations in the CDM
discipline that have demonstrated evidence of adding value to the
clinical trial process.”
About the Society for Clinical Data Management
The Society for Clinical Data Management is a nonprofit professional
organization dedicated to promoting excellence in clinical data
management through professional development, education and
certification. Established in 1994, SCDM has more than 2,600 members
with an interest in advancing data management practices. For additional
information, please visit www.scdm.org.
About Phase Forward
Phase Forward is a leading provider of integrated data management
solutions for clinical trials and drug safety. Phase Forward’s products
and services have been utilized in over 10,000 clinical trials involving
more than 1,000,000 clinical trial study participants at over 290
organizations and regulatory agencies worldwide including: AstraZeneca,
Boston Scientific, Dana-Farber Cancer Institute, Eli Lilly, the U.S.
Food and Drug Administration, GlaxoSmithKline, Harvard Clinical Research
Institute, Merck Serono, Novartis, Novo Nordisk, PAREXEL International,
Procter & Gamble, Quintiles, sanofi-aventis, Schering-Plough Research
Institute, Servier, SGS, Tibotec and the U.K. Medicines and Healthcare
Products Regulatory Agency. Additional information about Phase Forward
is available at www.phaseforward.com.
Cautionary Statement
Certain statements made in this press release that are not based on
historical information are forward-looking statements which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. This press release contains express or
implied forward-looking statements relating to, among other things, the
performance and features of Phase Forward’s products and services,
demand for Phase Forward’s products and services, future business and
operations plans of a Phase Forward customer, and the ability of Phase
Forward’s customers to realize benefits from the use of Phase Forward’s
products and services. These statements are neither promises nor
guarantees, but are subject to a variety of risks and uncertainties,
many of which are beyond Phase Forward's control, which could cause
actual results to differ materially from those contemplated in these
forward-looking statements. In particular, the risks and uncertainties
include, among other things, the ability of Phase Forward’s customers to
realize benefits from the use of its products and services, the
possibility that customers’ needs or plans may change over time, the
possibility that the level of demand for Phase Forward’s products and
services may vary, regulatory changes and competition. Existing and
prospective investors are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
Phase Forward undertakes no obligation to update or revise the
information contained in this press release, whether as a result of new
information, future events or circumstances or otherwise. For additional
disclosure regarding these and other risks faced by Phase Forward, see
the disclosure contained in Phase Forward's public filings with the
Securities and Exchange Commission including, without limitation, its
most recent Annual Report on Form 10-K.